Kuala lumpur: Binasat Communication Bhd's subsidiary, Binasat Digital Sdn Bhd, has been awarded a RM52.46 million contract by the Lembaga Dius Api (LDA) to provide managed and secure internet services and software.

According to BERNAMA News Agency, LDA operates under the Marine Department Malaysia, focusing on the management and safety of navigational aids such as lighthouses, beacons, and buoys to ensure safe vessel navigation in Malaysian waters. This new contract involves equipping LDA's headquarters, collection offices, and navigation systems with managed and secure internet services, as outlined in a filing by Binasat to Bursa Malaysia.

The contract is set to begin on January 2, 2026, and will run until January 1, 2031, spanning a period of 60 months. Binasat has indicated that this agreement will not significantly impact the net assets and gearing of the company and its subsidiaries for the financial year ending December 31, 2026. However, the company expects the contract to contribute positively to the group's earnings over its five-year term.